File Transportation of Property by
Air Tax Online with Simple720!
- Simple and user-friendly e-filing platform
- Fast, secure, and IRS-authorized submission
- No need for additional software or installations
What is Transportation of Property
by Air Tax (IRS Num 28)?
The Transportation of Property by Air Tax is a federal excise tax imposed under Section 4271 of the Internal Revenue Code (IRC) on amounts paid for the air transportation of property. This tax is categorized under the Communications and Air Transportation Taxes and is reported on Form 720 (Quarterly Federal Excise Tax Return).
- A 6.25% federal excise tax is imposed on the amount paid for transportation of property by air.
- The tax applies to the transportation of property, including freight, by air within the United States, and on international flights that start or end in the U.S.
- The tax is based on the transportation charges, not including other fees like for baggage or special services if separately stated on the bill.
- The tax applies to air carriers and other service providers who transport goods by air.
- The tax does not apply to certain types of property transportation, including those involving government, military, or diplomatic shipments.
- The tax is collected by the service provider (airlines or air carriers) and reported to the IRS using Form 720 in the period when the tax liability arises.
Who Is Responsible for Paying the Transportation
of Property by Air Tax (IRS Num 28)?
The responsibility for paying the tax generally falls on:
-
Customers/consumers who pay for the transportation of goods via air.
-
Service providers (airlines, air carriers, freight companies) are responsible for collecting the tax and reporting and remitting it to the IRS on Form 720, Quarterly Federal Excise Tax Return, in the period when the tax liability arises.
Why Choose Electronic Filing for Your Transportation
of Property by Air Tax (IRS Num 28)?
Steps to Complete Your Transportation of Property
by Air Tax (IRS Num 28) Filing with Simple720
- Date of amounts billed
- Date of collection(Assumed)
- Taxed Amount
Why Choose Simple720 for Filing Your Transportation
of Property by Air Tax (IRS Num 28)?
Simple720 Vs Others
| IRS Authorized e-Filer | Brand X | Brand Y | Brand Z | |
|---|---|---|---|---|
| Cloud-Based | Yes | No | No | No |
| Software Download | None | Yes-PC Only | Yes | Yes |
| License | None | Required | Required | Required |
| Annual Contract | No | Required | Required | Required |
| All Excise Taxes | Yes | Fuel Taxes Only | No | No |
| Cost | $50/return | $1,000+/yr. | $1,500+/yr. | $5,000+/yr. |
Quick and Reliable Filing Process
Simple720 made the entire filing process simple and efficient. The platform's real-time updates helped me stay informed, and the security features gave me peace of mind.
Secure and Compliant Filing
Using Simple720 was a breeze. The IRS-authorized portal ensured that my filing was secure and compliant, and I didn't need to worry about missing updates.
Time-Saving and Hassle-Free
The automated calculations were a huge time-saver. I could focus on other business priorities while knowing my tax filing was being taken care of securely.
Frequently Asked Questions
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